VVSM.DE vs. CNDX.L
VVSM.DE (VanEck Semiconductor UCITS ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, VVSM.DE returned 36.49%/yr vs 17.32%/yr for CNDX.L. A 0.79 correlation means they provide meaningful diversification when combined. VVSM.DE charges 0.35%/yr vs 0.33%/yr for CNDX.L.
Performance
VVSM.DE vs. CNDX.L - Performance Comparison
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Different Trading Currencies
VVSM.DE is traded in EUR, while CNDX.L is traded in USD. To make them comparable, the CNDX.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VVSM.DE achieves a 74.38% return, which is significantly higher than CNDX.L's 15.48% return.
VVSM.DE
- 1D
- -3.49%
- 1M
- 7.35%
- YTD
- 74.38%
- 6M
- 71.01%
- 1Y
- 143.29%
- 3Y*
- 53.03%
- 5Y*
- 36.49%
- 10Y*
- —
CNDX.L
- 1D
- -2.50%
- 1M
- 1.20%
- YTD
- 15.48%
- 6M
- 13.15%
- 1Y
- 31.11%
- 3Y*
- 23.09%
- 5Y*
- 17.32%
- 10Y*
- 20.71%
VVSM.DE vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 74.38% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 15.48% | 5.54% | 34.77% | 51.53% | -29.37% | 37.49% | 3.41% |
Correlation
The correlation between VVSM.DE and CNDX.L is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.79 |
The correlation between VVSM.DE and CNDX.L has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
VVSM.DE vs. CNDX.L — Risk / Return Rank
VVSM.DE
CNDX.L
VVSM.DE vs. CNDX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.DE) and iShares NASDAQ 100 UCITS ETF (CNDX.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VVSM.DE | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.49 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.33 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 12.23 | 3.02 | +9.21 |
| Martin ratioReturn relative to average drawdown | 40.57 | 8.86 | +31.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VVSM.DE | CNDX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.35 | 1.86 | +2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | 0.84 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.02 | -0.02 |
Drawdowns
VVSM.DE vs. CNDX.L - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.65%, which is greater than CNDX.L's maximum drawdown of -31.43%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and CNDX.L.
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Drawdown Indicators
| VVSM.DE | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -31.43% | -6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -10.26% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -25.93% | -11.59% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -31.43% | -6.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.43% | — |
Current DrawdownCurrent decline from peak | -8.85% | -5.34% | -3.51% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -5.36% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.50% | +0.02% |
Volatility
VVSM.DE vs. CNDX.L - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 13.51% compared to iShares NASDAQ 100 UCITS ETF (CNDX.L) at 5.62%. This indicates that VVSM.DE's price experiences larger fluctuations and is considered to be riskier than CNDX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVSM.DE | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.51% | 5.62% | +7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 25.51% | 12.23% | +13.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.73% | 16.61% | +16.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.32% | 20.67% | +10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.78% | 20.38% | +11.40% |
VVSM.DE vs. CNDX.L - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is higher than CNDX.L's 0.33% expense ratio.
Dividends
VVSM.DE vs. CNDX.L - Dividend Comparison
Neither VVSM.DE nor CNDX.L has paid dividends to shareholders.
Frequently Asked Questions
VVSM.DE and CNDX.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNDX.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNDX.L is cheaper with a 0.33% expense ratio, compared with 0.35% for VVSM.DE.
VVSM.DE is categorized as Semiconductors, while CNDX.L is Nasdaq-100. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while CNDX.L tracks NASDAQ-100 Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.35% for VVSM.DE and 0.33% for CNDX.L.
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